DOE Pulls Plug On FutureGen Clean-Coal Plant

Law360 (January 30, 2008, 12:00 AM EST) -- The U.S. Department of Energy announced Wednesday that it is pulling out of its significant financial role in the FutureGen Alliance clean-coal power plant in Mattoon, Ill., and restructuring its coal program.

The department had previously agreed to foot 74% of the $1.8 billion cost of the FutureGen Alliance plant. Rising costs of that program and changing technologies have prompted the restructuring, the DOE said.